Just like Fantasy Football players try to predict who will score the most touchdowns, pass for the most yardage and win the Super Bowl, people with an eye on the real estate market also engage in speculation. Like sports fans, expectations are often driven by statistics from the previous season. That being said, these are some of the important housing market trends buyers and sellers can expect in 2019. 1: New Construction To The Rescue (Sort Of) The 2018 housing shortage has been well … [Read more...]
Inexpensive Updates That Will Appeal To Buyers
While you could spend tens of thousands of dollars or more completing a home makeover, there are more than a few budget-minded ideas that you may consider. Add Color To Molding And Trim One cool idea in home décor and interior design is to get rid of the standard white trim and molding and to add color to these areas. Neutral hues like grays and browns have universal appeal, or you can give your space a more contemporary look by adding black to these areas. Generally, you will want a more … [Read more...]
NAHB: Builder Confidence in Housing Market Ticks Up in October
Home builder confidence in national housing market conditions rose one index point for a reading of 68 in October. Readings over 50 indicate that most builders are confident about market conditions. Rolling three-month averages showed mixed results. The Northeastern region gained three points for an index reading of 57; the Midwestern region lost two index points with a reading of 57 and the Southern region posted a gain of one point with a reading of 70. The Western region held steady at 74. … [Read more...]
Foreclosure Rates Expected To Dip Below 12-Year Low
The record-setting pace of the U.S. economy continues to positively impact the housing market and home foreclosures now stand at an astonishing 12-year low. Coming off a GDP growth rate of 4.1 percent and a historic bull stock market run, everyday Americans appear to be benefiting from one of, if not the strongest economies in decades. According to data compiled by CoreLogic, mortgage delinquency rates continue to improve and are already at the lowest levels in 12 years. Building on last year's … [Read more...]
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